PracticeQuiz content is free on an ad-supported model.

Unfortunately, we can't support ad blocker usage because of the impact on our servers. If you'd like to continue, please disable your ad blocker and reload page.

Reload page

Case Interview Prep

Category - Economics

Start a Study Session Sign up for Question of the Day

Rogers Communication has over a dozen products in a various stages of development in any given time. For these products, nearly a half will have patents before the testing stage. These patents are considered:

intangible debts
tangible debts
intangible assets
tangible assets

Explanation

Answer: C - These patents are considered intangible assets

Key Takeaway: Companies’ assets are divided into tangible and intangible assets. Tangible assets include such items as inventory, buildings, supplies and machinery. Intangible assets include intellectual property and patents.

Was this helpful? Upvote!

Start a Study Session Sign up for Question of the Day

Case Interview Prep

Top questions

Related questions

Most popular on PracticeQuiz

Ad-Blocker not supported

Case Interview Prep

Top questions

Related questions

Most popular on PracticeQuiz